Alibaba buys Pakistani online shopping outlet Daraz

Alibaba buys Pakistani online shopping outlet Daraz

Alibaba buys Pakistani e-commerce firm Daraz as the Chinese tech giant looks to increase its presence in South Asia Alibaba, the Chinese technology group, has expanded its e-commerce empire into South Asia after the Chinese internet giant acquired Daraz in an undisclosed deal. Alibaba bought the entire Daraz business, which also operates in Bangladesh, Myanmar,…